How Far Should The Press Go?

For those of you who haven't been following the news the past 2 days, there is a very nearly world wide (getting more violent) protest from the Muslim community, over Muslim cartoons originally printed in a Danish newspaper. These in my opinion are in poor taste, not to the Muslims, in particular, but to any religion in which these type of "things" are depicted. The Danish Government has refused to issue an apology stating that "Freedom of the Press rules over any apology." Other European Nations have picked up on this and today, reprinted these cartoons in their papers. England and America, both, so far, have refused to print them. The only cartoons I've heard about is one showing a Muslim, in a turban shaped like a bomb and another showing a Muslim kneeling over for prayer, being sodomized. Sure, some must be funny but is this the time and place for such a thing? Lutheranism prevails in both Germany and Denmark. France contains the largest Muslim community in Europe.
This may be a hot topic, but how do you feel about "Freedom of the Press" and religion concerning this situation. Is the Muslim worldwide community taking this too seriously or is the European press pushing their luck?